Page 447 - Economy & Policy News
Govt eyes deal with EU countries that could draw $100 billion investment
If finalised, it would mark the first time an investment commitment of this nature is secured by India as part of a free trade agreement
 "Govt eyes deal with EU countries that could draw $100 billion investment")
K'taka CM protests Centre's 'injustice'; 'false narrative', says Sitharaman
Communist Party of India (M) leader and Kerala CM Pinarayi Vijayan, along with his Cabinet colleagues, will protest at Jantar Mantar against the Centre's alleged negligence towards southern states
 "K'taka CM protests Centre's 'injustice'; 'false narrative', says Sitharaman")
NPCI working on Digital Payments Score to scale up credit economy in India
DPS may look at a person's finances such as timely payments and periodic bill payments
 "NPCI working on Digital Payments Score to scale up credit economy in India")
We have been lot more prudent in managing fiscal deficit: FM Sitharaman
The FM also said that retail inflation had declined from an average of 6.8 per cent in April-December 2022 to 5.5 per cent in the corresponding period of April-December 2023
 "We have been lot more prudent in managing fiscal deficit: FM Sitharaman")
We hope frictionless credit scale up to digital infrastructure: P Vasudevan
In the future, he noted that the central bank aims to include both banks and non-banks gradually into the platform for their loan journey
 "We hope frictionless credit scale up to digital infrastructure: P Vasudevan")
Merchandise exports set to moderate to $435 billion in FY24: Exim Bank
The merchandise exports are set to grow by nearly 3 per cent to USD 118.2 billion in the March quarter compared to the same period a year ago
 "Merchandise exports set to moderate to $435 billion in FY24: Exim Bank")
Unplanned green transition hurts smaller nations: Qatar, Guyana ministers
Says renewables won't produce petrochemicals, need focus on oil demand reduction
 "Unplanned green transition hurts smaller nations: Qatar, Guyana ministers")
Oil prices rise on lower-than-expected surge in US crude stockpiles
Brent crude futures rose 56 cents to $79.15 a barrel as of 1159 GMT, while U.S. West Texas Intermediate crude climbed 59 cents to $73.90
 "Oil prices rise on lower-than-expected surge in US crude stockpiles")
India exported 0.78 MT coal to neighbouring countries in Apr-Nov: Govt
Most of the coal produced in the country is consumed domestically. The major coal consuming sectors in the country are power, steel, cement, sponge-iron, and fertiliser
 "India exported 0.78 MT coal to neighbouring countries in Apr-Nov: Govt")
Govt bond yields settle lower ahead of RBI's policy outcome
The overall market sentiment has remained positive after the government said it aims to reduce the fiscal deficit and lower its gross borrowing by a wide margin next financial year
 "Govt bond yields settle lower ahead of RBI's policy outcome")
India to overtake China as biggest driver of global oil demand in 2027: IEA
But in absolute terms, demand in India will still lag China's even in 2030
 "India to overtake China as biggest driver of global oil demand in 2027: IEA")
Govt sets up task force to resolve non-tariff barriers, says Piyush Goyal
Such barriers include prior registration requirements in the exporting country, cumbersome testing and certification requirements and unreasonable domestic standards/rules
 "Govt sets up task force to resolve non-tariff barriers, says Piyush Goyal")
UAE wealth fund plans $4-5 billion in investments via India's GIFT city
Trade between India and the UAE totalled $85 billion for the financial year ending March 2023, according to Indian government data
 "UAE wealth fund plans $4-5 billion in investments via India's GIFT city")
Namonomics vs Manmohanomics: Modi or Singh, who has done better on economy?
Comparing economic management under Prime Minister Narendra Modi and his predecessor, Manmohan Singh - a white paper
 "Namonomics vs Manmohanomics: Modi or Singh, who has done better on economy?")
India considering to extend parboiled rice tax in risk to world supply
Any such move could add to the rally in benchmark Asian rice prices, which are hovering near a 15-year high after India began restricting sales of key varieties in 2023
 "India considering to extend parboiled rice tax in risk to world supply")
India to be largest global oil demand growth driver through 2030: IEA
The agency forecast India's demand would reach 6.6 million bpd in 2030, up from 5.5 million bpd in 2023
 "India to be largest global oil demand growth driver through 2030: IEA")
Gas to biofuels: India's demand sets agenda for global energy business
Country commits to increasing LNG imports as it separately invests in clean energy
 "Gas to biofuels: India's demand sets agenda for global energy business")
Claim payout delays put PLI scheme's nodal agencies under scrutiny
NITI Aayog to monitor project management agencies, ministries to ensure speedier claim settlement
 "Claim payout delays put PLI scheme's nodal agencies under scrutiny")
Inflation within tolerance, taking steps to check price rise: FM Sitharaman
India's retail inflation has declined from an average of 6.8 per cent in April-December 2022 to 5.5 per cent in the corresponding period of 2023
Uttarakhand saw sharpest dip in workforce during Covid, says survey
Apparel sector witnessed the worst decline in workforce in 2020-21
 "Uttarakhand saw sharpest dip in workforce during Covid, says survey")